Knicks’ surge turns first-ever weekly red for New York sportsbooks

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Source: NBC Sports
Knicks’ surge turns first-ever weekly red for New York sportsbooks
Photo: NBC Sports
TL;DR Summary

New York’s mobile sportsbooks posted a historic weekly net loss of over $48 million for the week ending June 14, driven by the Knicks’ late-season playoff run, which bookmakers say is used to entice future bets even as the house remains highly profitable in the long run.

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